Everbright Securities told to improve due diligence, paper says

Everbright Securities Co. Ltd. (601788.CN) said Tuesday that it has been ordered by the China Securities Regulatory Commission to improve its internal controls and due diligence procedures when handling listing applications, China Securities Journal reported Wednesday. The order came after Everbright Securities failed to exercise due diligence in the recent initial public offering of Tianfeng Energy-saving Panel Technical Inc. The lapses included filing inaccurate company information, the report said.

Yonhap News Agency has fielded a “robot reporter” to cover the ongoing Winter Olympics in PyeongChang. According to the South Korean news agency, introducing this manner of producing news stories is part of its...

Apple is in talks with Yangtze Memory Technologies over a potential deal for purchase of storage chips from the Chinese state-backed semiconductor manufacturer, according to the Nikkei. If the talks succeed and Apple places...

The story of crypto-billionaire Changpeng Zhao, a.k.a. CZ, has fueled a lot of discussion in public. Many are amazed, even envious, that he was able to gain a personal wealth of US$2 billion in less than...

Alphabet Inc.’s Google is raising the price of its YouTube TV online service for new customers as it adds channels from Time Warner Inc.’s Turner, National Basketball League and Major League Baseball. Less than...

Elon Musk’s SpaceX, fresh off the successful launch this month of the world’s most powerful rocket, won an endorsement from the top US communications regulator to build a broadband network using satellites. Federal Communications...

Starting next month, news outlets can establish a paywall on their Facebook sites using the iOS system. Facebook announced it has sealed the agreement with Apple, after it tested paywalls using the Android system last...

Facial recognition technology has seen improvements in recent years, but there are still some issues that need to be fixed to make the technology reliable across people of different races and gender. According to a...

Apple Inc.’s iPhone is showing signs of decline in the tech giant’s latest results. Shipments of the company’s flagship product during the shopping season at the end of last year recorded a year-on-year decline....